Hi,
After a strange strange week in the stock market and for the financial history, here are our top performers this week, in our Weekly Friday debrief.
TRX Insurance Brokers, (TIRX) a Chinese insurance brokerage with a network of 40 insurers was the star of this IPO week on Nasdaq.
Priced at $4, the lowest of its $4-$4.50 valuation, it opened at $16.45. By the end of the day, it was at $25.50. A 537.50% increase on its IPO price.
After this increase, it closed the week at $12.25, still a 206.25% increase from its IPO.
EZGO Technologies (EZGO), a leading short-distance transportation solutions provider in China, had the second-best opening day of the week, with a 165% increase over its initial value. After offering its shares at only $4 apiece, the price jumped to $10.59 at the opening.
Before hitting a high of $19.44, it closed at $18.11. Still, 353% more than its opening price. With this IPO on Nasdaq, EZGO was able to raise $11,2 million, selling its 2.8 million shares.
As Nasdaq closes this Friday, the closing price was $7.95, an 98.75% increase from its IPO.
Qualtrics International (XM) had a great opening day on Nasdaq closing 52% above its initial public offering price, at $45.50.
It opened at $41.85, after being priced at $30 a share. This was already way above their expected range between $27 and $29. By the end of the day, its share value was at $45.50. With this closing stock price on Thursday, Qualtrics was valued at $27,3 billion.
The enterprise-software spinoff of SAP had a relatively calm Friday, closing at $44.29. An increase of 47.63% over its IPO.
Shoals Technologies (SHLS), a leading US provider of electrical products for solar projects, has raised $1.9 billion by offering 77 million shares on Nasdaq. After upsizing its offering from the earlier planned 50 million shares, they priced it for $25 per share.
When the market opened, the price jumped to $33.35, closing the day at $30.98 - almost 24% more than its IPO price.
As markets close today, its value is at $34.10 a share. A 36.40% increase from its IPO.
Agrify (AGFY), a cannabis company, had a successful debut on the stock market. On its first day of trading on the Nasdaq, surging 27.4%.
After being priced at $10, it opened up by 30%, at $13 a share. The 5 million Agrify shares closed the first day at $12.74, a 27.4% increase from its opening price.
This Friday, as Nasdaq closed it was valued at $11.16, 11.60% higher than its IPO.
Have a nice weekend and we’ll be back next week for more fresh IPOs!
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